US GDP And Other Macro Issues For Wednesday

  • Federal Reserve Bank of Cleveland President Loretta Mester is set to speak at 6:30 a.m. ET.
  • The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET.
  • Gross Domestic Product report for the first quarter will be released at 8:30 a.m. ET. The third estimate for Q1 GDP, at minus 1.4%, is likely to show little change versus the second estimate of minus 1.5%. Analysts expect personal consumption expenditures to be unrevised at a 3.1% growth rate.
  • Data on corporate profits for the first quarter will be released at 8:30 a.m. ET.
  • Federal Reserve Chair Jerome Powell will speak at 9:00 a.m. ET.
  • The State Street Investor Confidence Index for June is scheduled for release at 10:00 a.m. ET.
  • The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is scheduled for release at 10:30 a.m. ET.
  • The survey of business uncertainty report for June will be released at 11:00 a.m. ET.

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